Select Comfort Corporation (NASDAQ:SCSS) SVP Patricia Ann Dirks sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $34.75, for a total value of $34,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Select Comfort Corporation (SCSS) traded up $0.63 during trading hours on Friday, hitting $32.50. The stock had a trading volume of 1,068,300 shares, compared to its average volume of 1,100,000. Select Comfort Corporation has a 12-month low of $18.44 and a 12-month high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last announced its earnings results on Tuesday, October 17th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.06). Select Comfort Corporation had a return on equity of 51.12% and a net margin of 4.34%. The firm had revenue of $402.64 million during the quarter, compared to the consensus estimate of $413.89 million. During the same period in the prior year, the company posted $0.56 EPS. The firm’s revenue was up 9.1% on a year-over-year basis.

Select Comfort Corporation declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 17th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. bought a new position in shares of Select Comfort Corporation in the 1st quarter worth approximately $107,000. Riverhead Capital Management LLC raised its position in shares of Select Comfort Corporation by 75.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,865 shares of the company’s stock worth $137,000 after acquiring an additional 1,665 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Select Comfort Corporation by 395.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock worth $139,000 after acquiring an additional 3,124 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of Select Comfort Corporation by 75.6% in the 2nd quarter. Flinton Capital Management LLC now owns 4,228 shares of the company’s stock worth $150,000 after acquiring an additional 1,820 shares in the last quarter. Finally, First Quadrant L P CA bought a new position in Select Comfort Corporation during the 2nd quarter valued at approximately $205,000.

A number of research analysts have commented on SCSS shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $36.00 price target (up previously from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $38.00 price target on shares of Select Comfort Corporation in a research report on Wednesday, July 19th. BidaskClub raised Select Comfort Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. KeyCorp reaffirmed a “hold” rating on shares of Select Comfort Corporation in a research report on Friday, September 29th. Finally, Zacks Investment Research raised Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.67.

About Select Comfort Corporation

Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories. Its Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to track each individual’s sleep.

Insider Buying and Selling by Quarter for Select Comfort Corporation (NASDAQ:SCSS)

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